GCP Infrastructure Investments (LON:GCP) Stock Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• GCP Infrastructure Investments stock price dipped below its 200-day moving average on Thursday, indicating potential concerns for investors; it last traded at GBX 74 ($0.99).
• Royal Bank of Canada has maintained an "outperform" rating and set a target price of GBX 90 for the stock, while the consensus rating remains a "Buy".
• The firm has a market capitalization of £618.55 million and a high PE ratio of 6,426.09, reflecting a significant divergence between earnings and stock price.

GCP Infrastructure Investments Limited (LON:GCP - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 73.38 ($0.99) and traded as low as GBX 72.60 ($0.98). GCP Infrastructure Investments shares last traded at GBX 74 ($0.99), with a volume of 1,179,628 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reissued an "outperform" rating and set a GBX 90 price objective on shares of GCP Infrastructure Investments in a research report on Tuesday, July 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 90.

GCP Infrastructure Investments Trading Down 0.1%

The firm has a market capitalization of £618.55 million, a PE ratio of 6,426.09 and a beta of 0.34. The firm has a 50 day simple moving average of GBX 73.64 and a 200 day simple moving average of GBX 73.38.

About GCP Infrastructure Investments

GCP Infrastructure Investment Limited (GCP Infra) is a Jersey-incorporated, closed ended investment company whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained distributions and to preserve capital over the long term by generating exposure primarily to UK infrastructure debt and related and/or similar assets which provide regular and predictable long term cashflows.

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